AUSTIN – Today, the U.S. Bureau of Labor Statistics released state-level labor market information for September 2017. The Texas Public Policy Foundation’s Director of the Center for Economic Prosperity and Senior Economist Dr. Vance Ginn issued the following statement:
“Texas’ employment report highlights the repercussions of Hurricane Harvey in late August. Net nonfarm employment declined by 7,300 jobs in September, but the twelve month total remains at a healthy 256,100 jobs. On average, Texas gained 21,342 jobs monthly,” said Dr. Ginn. “The employment decline is likely an outlier due to the timing of last month’s report. Texas has added net nonfarm jobs in all but 5 of the last 84 months, and the state’s unemployment rate – currently 4 percent – has now been at or below the rate some consider full employment for a remarkable 39 straight months. Throughout such a strenuous time for many Texans after the destruction of Hurricane Harvey, job creation isn’t the only thing on their minds; but the way Texans have helped Texans and put their well-being first has been extraordinary. By letting people prosper in their unique way, the Texas model will be stronger to support even more human flourishing for all Texans.”
For more information or to request an interview with Dr. Ginn, please contact Alicia Pierce at [email protected] or 512-472-2700.
Vance Ginn, Ph.D. is Director of the Center for Economic Prosperity and Senior Economist at the Texas Public Policy Foundation.
TheTexas Public Policy Foundation is a non-profit free-market research institute based in Austin. The Texas Public Policy Foundation aims to advance a societal framework that effectively fosters human flourishing based upon cooperation and mutually beneficial exchange of ideas and speech.
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